StAR NPS: Save ₹15,600 More Tax Every Year?
PFRDA launched StAR NPS, a fully digital platform to join the National Pension System online in minutes. No paperwork, no branch visit. You can open an account, contribute, and manage your pension from your phone — and still claim big tax deductions.
₹15,600 saved in tax = 520 chai cups a year — NPS pays for your morning chai for life.
Your extra annual tax saving if you max out NPS contributions
Key Takeaways
Visit the official NPS portal (enps.nsdl.com) or your bank's NPS section and open a Tier 1 account online using your Aadhaar and PAN — takes under 10 minutes.
Contribute at least ₹50,000 to claim the exclusive ₹15,600 tax deduction under Section 80CCD(1B) — this is OVER and ABOVE the ₹1.5 lakh 80C limit.
Compare NPS fund managers (SBI, HDFC, ICICI, Kotak) on the NPS Trust website before choosing — past 5-year returns vary by up to 2–3% across managers.
PFRDA launched StAR NPS, a fully digital platform to join the National Pension System online in minutes. No paperwork, no branch visit. You can open an account, contribute, and manage your pension from your phone — and still claim big tax deductions.
Here's what happened: PFRDA launched StAR NPS — a digital onboarding platform that lets you open an NPS account entirely online without physical forms or branch visits.. The platform streamlines enrolment and contributions, reducing processing time from days to minutes using Aadhaar-based e-KYC and digital signatures.. Charges under StAR NPS are minimal; NPS already has one of India's lowest fund management fees at around 0.09% per year compared to 1–2% for mutual funds..
What you should do: Visit the official NPS portal (enps.nsdl.com) or your bank's NPS section and open a Tier 1 account online using your Aadhaar and PAN — takes under 10 minutes.. Contribute at least ₹50,000 to claim the exclusive ₹15,600 tax deduction under Section 80CCD(1B) — this is OVER and ABOVE the ₹1.5 lakh 80C limit.. Compare NPS fund managers (SBI, HDFC, ICICI, Kotak) on the NPS Trust website before choosing — past 5-year returns vary by up to 2–3% across managers..
The Section 80CCD(1B) deduction of ₹50,000 is available even under the old tax regime AND is separate from 80C — most salaried Indians leave this ₹15,600 saving unclaimed every year.
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- [1]“PFRDA launches StAR NPS: How the new digital onboarding process works and charges applicable” mint - money · 6 Jun 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.